White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
Host, Dr. James Dahle, is a practicing emergency physician and founder of the White Coat Investor Blog. Like the blog, the White Coat Investor Podcast, is dedicated to educating medical students, residents, physicians, dentists, and similar high-income professionals about personal finance and building wealth, so they can ultimately be their own financial advisor—or, at least know enough to not get ripped off by a financial advisor! We tackle the hard topics like the best ways to pay off student loans, how to create your own personal financial plan, retirement planning, how to save money, investing in real estate, side hustles, and how everyone can be a millionaire by living WCI principles. Learn more at http://whitecoatinvestor.com/
Episodes
Mentioned books
29 snips
Dec 12, 2024 • 50min
WCI #397: Roth, Mega Backdoor Roth, Solo 401(k)s and IRAs
This discussion dives into the nuances of retirement accounts, focusing on mega backdoor Roths and their importance for high earners. Listeners learn about managing traditional versus Roth IRAs, including how to approach conversions and inherited IRAs. The hosts also tackle personal reflections on financial independence, especially for those navigating single life. Networking and wellness take center stage in preparations for an upcoming conference aimed at enhancing financial literacy among medical professionals.
Dec 9, 2024 • 30min
MtoM #200: Military Family Physician Takes the Fast Lane to Wealth and Finance 101: The Millionaire Fastlane
A military family physician shares his remarkable journey to millionaire status by age 30, emphasizing the support of family and a strong entrepreneurial spirit. He dives into his real estate investments, detailing strategies like house hacking and leveraging partnerships for financial success. The discussion highlights the lucrative and flexible nature of locum tenens work, which allows healthcare professionals to maximize their income while enjoying more control over their careers. Ultimately, balancing work and family is key to fulfillment and wealth.
25 snips
Dec 5, 2024 • 57min
WCI #396: Financial Planning For Special Needs Kids with Dr. Bryan Jepson
In this discussion, Dr. Bryan Jepson, an emergency physician turned financial planner and special needs consultant, shares his journey and expertise in financial planning for families with special needs children. He emphasizes the complexities of navigating trusts and government benefits as children grow older while offering personal insights drawn from his experience as a parent of two children with autism. Dr. Jepson also highlights the importance of tailored financial strategies and community support in achieving stability and security for these families.
7 snips
Dec 2, 2024 • 29min
MtoM #199: Nurse Practitioner Becomes a Millionaire by Doing Locums and Finance 101: Trading
Sophia, a family nurse practitioner, achieved millionaire status by embracing locum tenens work, enjoying travel, flexibility, and earning nearly double her previous pay. She shares her journey of strategic investments, including stocks and real estate, which paved the way to financial independence. The discussion highlights the benefits of locum tenens for balancing career and lifestyle while also diving into the risks of day trading, emphasizing the importance of realistic investment strategies.
7 snips
Nov 28, 2024 • 1h 9min
WCI #395: Navigating the Nuances of Career, Family, and Money with Dr. Lisha Taylor
Dr. Lisha Taylor, a physician and host of The Wealth-Minded MD podcast, dives into the arrival fallacy, revealing that financial success doesn’t guarantee happiness. She explores the balance between career satisfaction, family, and economic well-being, especially for female physicians. The discussion includes innovative approaches to managing inheritance, maximizing retirement savings, and the importance of empowering women in medicine through financial coaching. Practical tips and personal stories make this a must-listen for anyone looking to navigate the complexities of career and money.
Nov 25, 2024 • 27min
MtoM #198: Financially Recovering From a Divorce and Finance 101: The Importance of Both Spouses Working Towards Financial Goals Together
A personal tale unfolds as an anesthesiologist shares his journey of financial recovery post-divorce. He emphasizes the power of perseverance and how he transformed his life from debt to financial success through hard work and side gigs. The discussion shifts to the importance of couples collaborating on financial goals, especially during tough times. Practical strategies are offered for navigating financial challenges after a divorce, highlighting the significance of proactive communication and support between partners.
7 snips
Nov 21, 2024 • 49min
WCI #394: Index Funds, Real Estate, and Buying Into Your Practice
Dive into the world of HSAs and uncover the secrets of low-cost index funds. Learn what happens when you take a 401(k) loan for real estate investments. Discover essential tips for buying into partnerships and managing your portfolio effectively. Explore the latest trends in multifamily properties and preferred equity for navigating economic uncertainties. Finally, find out why over-monitoring your investments could actually hinder your financial goals.
5 snips
Nov 18, 2024 • 25min
MtoM #197: Rehab Docs Pays Off Student Loans in 16 Months and Finance 101: Pessimism
A rehab doctor shares an inspiring journey of paying off $380,000 in student loans in just 16 months, emphasizing the importance of motivation and personal well-being. The conversation also highlights the financial benefits of locum tenens work, offering more flexibility and higher pay for medical professionals. Additionally, the podcast explores financial planning strategies, advocating for an optimistic approach to personal finance, despite the common pessimism surrounding it.
9 snips
Nov 14, 2024 • 1h 27min
WCI #393: Heroes of My Life, Part 2
In this gripping discussion, guests include Christian Feinauer, an ER doctor and climbing partner of James Dahle, Mick Shane, a seasonal ranger involved in a heroic helicopter rescue, and Katie Dahle, James's supportive wife who experienced the emotional toll firsthand. They delve into the intense moments of the Grand Teton rescue, sharing the adrenaline-filled challenges they faced. The conversation highlights the importance of gratitude for healthcare professionals, family support during crises, and the transformative impact of such life-altering experiences.
Nov 11, 2024 • 31min
MtoM #196: Surgeon Gets Back to Broke During Residency and Finance 101: The Basics of Real Estate Investing
A general surgery resident shares his journey from debt to financial literacy, emphasizing goal-setting and delayed gratification. He highlights the benefits of locum tenens for higher pay and career flexibility. The discussion transitions to real estate investing basics, showcasing its potential for high returns and risks involved. Listeners are encouraged to consider diversifying investments and exploring various strategies to align with personal goals. Insightful tips for managing finances and building assets are shared throughout.
